Pins matching date:2025-08-07

OpenAI's GPT-5 becomes ChatGPT's new flagship and default model, rolling out to Free, Plus, Pro and Team users.

A 39% US tariff on Swiss goods took effect under Executive Order 14308, hitting Switzerland's watch industry harder than almost any other sector; Swatch Group CEO Nick Hayek warned prices would have to rise, and FH figures later showed Swiss watch exports to the US falling 55.6% year-on-year by September.

OpenAI releases GPT-5 mini and GPT-5 nano in the API with GPT-5: 400,000-token context, new minimal reasoning effort, and prices of $0.25 and $0.05 per 1 million input tokens.

A 15% US baseline tariff on European Union goods, covering most EU-made fashion and leather goods among other categories, took effect under an executive order implementing the Trump administration's trade framework with the EU.